The Intelligence from The Economist The Intelligence: Vietnam’s golden opportunity
Feb 1, 2024
Robert Guest, Deputy Editor at The Economist, shares insights into Vietnam's unique position to navigate tensions between the US and China, discussing its economic potential and workforce challenges. Max Rodenbeck, the Berlin bureau chief, delves into the rise of a new left-wing party in Germany, examining how it draws support amid political dissatisfaction. They also touch on the controversies surrounding VAR in football, debating its impact on fan experiences and the future of officiating in the sport.
AI Snips
Chapters
Transcript
Episode notes
Vietnam's Balancing Act
- Vietnam is strategically positioned between China and the US, leveraging their rivalry for its benefit.
- It maintains trade with China while seeking US support for defense against Chinese expansionism.
Vietnam's Economic Advantages
- Vietnam's economy is booming, with low wage costs and good infrastructure, attracting businesses seeking to diversify from China.
- This "China plus one" strategy helps companies navigate rising trade barriers between the US and China.
US-China Competition in Vietnam
- China's bullying approach has strained relations with Vietnam.
- Meanwhile, the US has fostered stronger ties, providing aid and support as part of its China containment strategy.